2015-05-08T12:42:53-05:00 2014-06-30 930900579 MCDONALD JACOBS PC 520 SW YAMHILL ST STE 500 PORTLAND OR 97204 990 2013-07-01 800516996 INNOVATIVE CHANGES INNO 5032495205 2010 LLOYD CENTER MALL PORTLAND OR 97232 NANCY YUILL EXECUTIVE DIRECTOR 5032495205 2015-05-06 1 SANG AHN P00540880 5032270581 2013 2016-02-25 16:41:14Z NANCY YUILL 2010 LLOYD CENTER MALL PORTLAND OR 97232 189564 0 X WWW.INNOVATIVECHANGES.ORG X 2009 OR INNOVATIVE CHANGES HELPS PEOPLE BUILD THEIR LONG TERM FINANCIAL HEALTH. 6 6 4 45 0 0 441900 130215 35844 59280 387 69 492 0 478623 189564 0 0 0 0 207347 217304 0 0 17511 112957 107257 320304 324561 158319 -134997 461364 404577 94773 172983 366591 231594 X OUR MISSION IS TO HELP PEOPLE BUILD THEIR LONG-TERM FINANCIAL HEALTH. OUR VISION IS A SOCIETY WHERE ALL PEOPLE HAVE ACCESS TO SAFE, AFFORDABLE FINANCIAL PRODUCTS AND SERVICES AND THE ABILITY TO USE THEM WELL. OUR GUIDING PRINCIPLES WORK TO ADVANCE ECONOMIC JUSTICE FOR THOSE DISENFRANCHISED AND EXCLUDED BY THE MAINSTREAM FINANCIAL SERVICES SECTOR, CELEBRATE THE DIVERSE CULTURES OF OUR COMMUNITIES BY IMPLEMENTING CULTURALLY RESPONSIVE PROGRAMMING AND WE COMMIT TO BUILDING A STRONG, FINANCIALLY SUSTAINABLE ORGANIZATION. 0 0 95346 12498 LENDING - PROVIDE RESPONSIBLE SMALL-DOLLAR CONSUMER LOANS TO HELP BORROWERS WHO ARE EXPERIENCING FINANCIAL EMERGENCIES, THOSE WISHING TO PAY DOWN OTHER HIGH-COST DEBT AND THOSE PREPARING FOR ASSET BUILDING OPPORTUNITIES. SINCE OUR INCEPTION IN EARLY 2010 THROUGH FISCAL YEAR 2014 WE HAVE ORIGINATED 641 SMALL DOLLAR LOANS, INCLUDING 361 OPPORTUNITY LOANS, 229 CREDIT BUILDER LOANS, 29 EMERGENCY LOANS, 17 LOANS FOR SURVIVORS OF DOMESTIC VIOLENCE AND 6 LOANS FOR ADAPTIVE TECHNOLOGY. 68451 20126 FINANCIAL EDUCATION - WE PROVIDE PRACTICAL, COMPREHENSIVE FINANCIAL WORKSHOPS AND COACHING THAT HELPS HOUSEHOLDS TAKE CONTROL OF THEIR FINANCES AND DEVELOP POSITIVE SPENDING AND SAVINGS HABITS. IN FISCAL YEAR 2014 WE HELPED OVER 950 PARTICIPANTS MAKE REAL BEHAVIOR CHANGE IN THEIR FINANCIAL CAPABILITIES. 128986 26656 CREDIT BUILDING - WE HELPED OVER 260 CLIENTS TAKE CONTROL OF THEIR CREDIT AND BUILD STRONG CREDIT SCORES TO INCREASE THEIR ACCESS TO WELL-PRICED ASSET-CREATING CREDIT, SUCH AS HOME MORTGAGES, SMALL BUSINESS LOANS AND HIGHER EDUCATION LOANS. OUR COACHING AND CREDIT BUILDER LOANS HELP PEOPLE WITH NO CREDIT SCORE ESTABLISH A SOLID BASIS FOR RESPONSIBLE BORROWING, AND THEY AVERAGE A SCORE OF 677 AFTER ONE YEAR WITH US. IF A BORROWER HAS A LOW SCORE WHEN THEY START WITH US THEY USUALLY GAIN 42 POINTS AFTER WORKING WITH US FOR ONE YEAR. ASSET BUILDING - IN ADDITION TO PROMOTING GOOD SAVINGS SKILLS AND HABITS, THE PROGRAM OFFERS MATCHED SAVINGS OPPORTUNITIES AND DIRECTS CLIENTS TO NONPROFIT ASSET-BUILDING PROGRAMS. "SECOND CHANCE" BANK ACCOUNTS AND SECURED REVOLVING CREDIT. OUR INDIVIDUAL DEVELOPMENT ACCOUNT PROGRAM FOR POST SECONDARY EDUCATION ASSISTED 79 SAVERS TO ACCESS MATCHING FUNDS TO PAY FOR SCHOOL TUITION. 292783 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 4 1 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 OR X NANCY YUILL 5032495205 2010 LLOYD CENTER MALL PORTLAND OR 97232 ROSANNE MARMOR PRESIDENT 1.00 X X 0 0 0 AMY YOUNGFLESH SECRETARY/TREASURER 1.00 X X 0 0 0 PRASHANT VARMA DIRECTOR 1.00 X 0 0 0 SARAH STEVENSON DIRECTOR 1.00 X 0 0 0 FELICIA TRIPP-FOLSOM DIRECTOR 1.00 X 0 0 0 NANCY YUILL EXECUTIVE DIRECTOR 40.00 X 62000 0 8400 62000 0 8400 0 0 0 0 0 130215 130215 IDA PROGRAM FEES 522291 26656 26656 TRAINING CONTRACTS 522291 20126 20126 LOAN FEES AND INTEREST 522291 12498 12498 59280 69 69 189564 59280 0 69 62000 54913 3203 3884 110280 97674 5698 6908 6995 6196 361 438 21309 18873 1101 1335 16720 14809 864 1047 13552 13552 1300 557 743 1929 1761 72 96 12208 11140 458 610 26024 23747 976 1301 6368 5811 239 318 9161 8360 343 458 1972 1746 102 124 2922 2667 109 146 PROGRAM COSTS 14422 14297 62 63 PROGRAM LICENSES & FEES 8062 7900 122 40 BAD DEBT 7987 7987 OTHER EXPENSES 1350 1350 324561 292783 14267 17511 46694 1193 239618 360211 125000 3071 1205 43518 40477 14361 12870 3463 1491 461364 404577 7274 10462 19000 95161 50000 50000 18499 17360 94773 172983 X 154421 164581 137170 0 75000 67013 366591 231594 461364 404577 -134997 0 X 1 X 0 0 0 X 216313 299925 165486 441900 130215 1253839 216313 299925 165486 441900 130215 1253839 134688 1119151 54 245 685 387 69 1440 2019 492 2511 1257790 155739 0.88980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8411 6920 1491 5950 5950 0 1491 LOAN SECURITY HOLDBACK 17360 17360 X PART X, LINE 2: THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC TOPIC ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS TOPIC. FORM 990, PART VI, SECTION B, LINE 11 THE TREASURER AND THE EXECUTIVE DIRECTOR REVIEW IT BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REVIEWED ANNUALLY WITH ALL MEMBERS OF THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE BOARD OF DIRECTORS AS PART OF HER PERFORMANCE REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.